Adani Airports and IHCL Partner to Develop 8 Hotels Across Four Cities

Adani Airport Holdings Ltd (AAHL) and The Indian Hotels Company Ltd (IHCL) have entered into a strategic agreement to develop eight new hotels, adding over 2,000 rooms to their combined hospitality portfolio. These properties will be strategically located across four major Indian cities: Mumbai, Ahmedabad, Lucknow, and Guwahati.

Project Scope and Brand Integration

The hotels are scheduled to operate under IHCL’s well-known hospitality brands, encompassing the Taj, Vivanta, Gateway, and Ginger segments. The planned distribution is as follows:

• Mumbai: A Taj property located at Terminal 2 of the airport.
• Lucknow: One Vivanta and one Ginger property.
• Ahmedabad: One Taj and one Vivanta hotel, currently in advanced stages of development.
• Guwahati: One Taj, one Gateway, and one Ginger hotel.

Strategic Development and Investment

Under the terms of the agreement, Adani Airports will handle the property development, while IHCL will manage operations. This project is part of a broader initiative by Adani Airport City Ltd, a subsidiary formed to manage a land bank of more than 655 acres across eight airports in seven states.

In an initial phase, Adani Airport City aims to invest over ₹20,000 crore to develop approximately 22 million square feet of space across six cities, including Jaipur in addition to the four cities mentioned above. AAHL Director Jeet Adani emphasized that the partnership aligns with the global trend of transforming airports into integrated destinations for commerce and tourism. IHCL MD and CEO Puneet Chhatwal noted that these airport-centric hubs are becoming vital as India’s aviation market continues to grow.

Readers can verify the specific details and future updates regarding these developments through the official press releases issued by Adani Airport Holdings and IHCL on their respective corporate investor relations portals.